Newsmakers

Former UCLA Coach John Wooden passed away Friday June 4th. He is widely considered the greatest basketball coach of all time, and many believe he is the greatest coach of any sport. Wooden won ten national championships in his years 16 years at UCLA. A skilled player himself, Wooden is one of only three individuals [...]

As a management writer for many years, I met more than my share of self-professed “gurus.” They spanned the gamut from publicity-seeking quacks to deep-in-the-mud academics to — occasionally — truly brilliant and devoted thinkers who used their minds to make business, or the world, better. Read the full story on CNNMoney

The longtime accountant of convicted swindler Bernard Madoff pleaded guilty Tuesday to multiple fraud charges in connection to Madoff’s notorious, decades-long Ponzi scheme. Read the full story on CNNMoney

Since he took the reins in 2001, Bank of America Chief Executive Officer Ken Lewis has received an annual salary of $1.5 million. But this year he will get nothing, according to a report by the Wall Street Journal. Read the full story on CNNMoney

Ken Lewis doesn’t have a golden parachute, but he’s all set for a comfortable landing — unlike his long-suffering shareholders. Read the full story on CNNMoney

General Motors is losing its top U.S. sales executive, a key player in the automaker’s reorganization, to a job in another industry, CEO Fritz Henderson announced Wednesday. Read the full story on CNNMoney

Senate lawmakers took the Securities and Exchange Commission to task Thursday for failing to prevent Bernard Madoff from perpetrating one of the largest financial frauds in U.S. history. Read the full story on CNNMoney

Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, according to court documents unsealed Friday. Read the full story on CNNMoney

Josie Natori followed her business dreams from the Philippines to Wall Street. But after nine years as a banker, she needed a more creative outlet. In 1977 she launched a lingerie company with an East-meets-West flair. Today her brand includes four intimate-apparel lines, as well as a ready-to-wear clothing collection, home and bath products, eyewear [...]

It’s 7 a.m. when I park in front of Jim Collins’ house in Boulder, Colo. He’s already out front, slim and wiry, his 50 years given away by nearly-white hair. Collins looks up from sorting piles of hooks, harnesses, ropes and cantilevered clasps. “Want to see where we’re going?” he says. Collins is energized, caffeinated, [...]